In a conference with Drovers and food360 editors today, Doane Advisory Service economist Marty Foreman noted that long-range forecasts suggest an early frost could hit the Corn Belt late next week. A Canadian cold front is likely to move south, and some of the latest models from the National Weather Service indicate a frost line that could extend to southern Missouri. The forecasts indicate the cold weather will move into the United States on the 25th and 26th of this month.

With only about 12 percent of the U.S. corn crop at maturity, compared with a five-year average of 37 percent, the markets reacted today with corn futures moving sharply higher. At mid-day, the December corn contract had moved 14 ¾ cents higher to $3.32 ½.

In the cattle markets, Foreman says not much has changed, with the futures waiting for movement in the cash market and the cash market looking for improvement in beef prices. Doane Economists expect this week’s Cattle on Feed report to show feedyard inventories down 1 percent from a year ago, August placements up 2 percent and August marketings down 3 percent.

For a National Weather Service map showing the possible position of the cold front on September 25, click here.